The comparative statement of financial position of Flint Corporation as at December 31, 2020, follows: FLINT CORPORATION Statement of Financial Position December 31 December 31 Assets 2020 2019 Cash $ 53,000 $ 11,400 Accounts receivable 89,800 89,000 Equipment 26,700 22,000 Less: Accumulated depreciation (10,400) (10,800) Total $ 159,100 $111,600 Liabilities and Shareholders' Equity Accounts payable $ 19,900 $ 14,800 Common shares 100,000 80,600 Retained earnings 39,200 16,200 Total $ 159,100 $111,600 Net income of $36,000 was reported and dividends of $13,000 were declared and paid in 2020. New equipment was purchased, and equipment with a carrying value of $4,400 (cost of $11,800 and accumulated depreciation of $7,400) was sold for $7,600.FLINT CORPORATION Statement of Cash Flows v Adjustments to reconcile net income to net cash provided by operating activities: v v v